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Firm debt structure and firm size : a micro approach
Gander, James P. - 2010
Micro industrial firm panel data on short-term and long-term borrowing (term debt structure) for annual and quarterly time periods over the years 1995-2008 are used to test an insulation hypothesis and a related volatility hypothesis. The former test uses a regression model relating the ratio of...
Persistent link: https://www.econbiz.de/10003958161
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Heterogeneity in Corporate Debt Structures and the Transmission of Monetary Policy
Holm-Hadulla, Federic - 2020
We study how differences in the aggregate structure of corporate debt financing affect the transmission of monetary policy. Using high-frequency financial market data to identify monetary policy shocks in a panel of euro area countries, we find that: bond finance dampens the overall response of...
Persistent link: https://www.econbiz.de/10012834775
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Heterogeneity in Corporate Debt Structures and the Transmission of Monetary Policy
Holm-Hadulla, Federic - 2020
We study how differences in the aggregate structure of corporate debt financing affect the transmission of monetary policy. Using high-frequency financial market data to identify monetary policy shocks in a panel of euro area countries, we find that: bond finance dampens the overall response of...
Persistent link: https://www.econbiz.de/10012839817
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Heterogeneity in Corporate Debt Structures and the Transmission of Monetary Policy
Holm-Hadulla, Federic; Thürwächter, Claire - 2021
We study how differences in the aggregate structure of corporate debt affect the transmission of monetary policy in a panel of euro area countries. We find that standard policy tightening shocks raise the cost of loans relative to corporate bonds. In economies with a high share of bond finance,...
Persistent link: https://www.econbiz.de/10013234863
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Heterogeneity in corporate debt structures and the transmission of monetary policy
Holm-Hadulla, Fédéric; Thürwächter, Claire - 2020
We study how differences in the aggregate structure of corporate debt financing affect the transmission of monetary policy. Using high-frequency financial market data to identify monetary policy shocks in a panel of euro area countries, we find that: bond finance dampens the overall response of...
Persistent link: https://www.econbiz.de/10012212853
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Debt maturity heterogeneity and investment responses to monetary policy
Deng, Minjie; Fang, Min - 2021 - This version: October 2, 2021
Persistent link: https://www.econbiz.de/10012703079
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Monetary Policy and Corporate Debt Maturity
Fabiani, Andrea; Heineken, Janko; Falasconi, Luigi - 2022
We show that a policy rate cut lengthens corporate debt maturity. A 1 standard deviation (10 basis points, b …
Persistent link: https://www.econbiz.de/10013323634
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A macro-financial perspective to analyse maturity mismatch and default
Wang, Xuan - 2020
The Basel Committee proposed the Net Stable Funding Ratio (NSFR) to curb excessive maturity mismatch of the banking … featuring banks' maturity mismatch and the moral hazard due to costly monitoring. First, I show that a tightening of the NSFR to … move loan maturity towards the long-run capital investment cycle would only increase real investment if it sufficiently …
Persistent link: https://www.econbiz.de/10012427585
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Monetary policy and regional availability of debt financing
Massa, Massimo; Zhang, Lei - In: Journal of monetary economics 60 (2013) 4, pp. 439-458
Persistent link: https://www.econbiz.de/10009773434
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Corporate debt maturity, repayment structure and monetary policy transmission
Karasoy Can, Hatice Gökçe - 2020
Persistent link: https://www.econbiz.de/10013040921